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☆ Meet the woman who engineered Russia's wartime economy and helped secure another term for Putin
▼ + stars: | 2024-04-02 | by ( Huileng Tan | ) www.businessinsider.com time to read: +12 min

Russian central bank governor Elvira Nabiullina has played a key role in stabilizing Russia's sanctions-hit economy. It's also aimed at the woman behind him: Elvira Nabiullina, the country's central bank governor, who plays a chief role in keeping Russia's wartime economy ticking. At the time, she was the first woman to lead a Group of Eight, or G8, central bank. In 2015, Euromoney, a finance trade publication, named Nabiullina Central Bank Governor of the Year. In December, she issued a warning that Russia's economy was at risk of overheating.

Persons: Elvira Nabiullina, —, Putin, It's, Nabiullina, Daniel McDowell, McDowell, wined, Christine Lagarde, Nabiullina —, Richard Portes, Portes —, Portes, Anders Åslund, Åslund, Leo Tolstoy, Fyodor Dostoevsky, Franz Kafka, Yaroslav Kuzminov, Kuzminov, Nabiullina's, Alan Harvey, Herman Gref —, Central Bank Governor Elvira Nabiullina, Maxim Shemetov, Michel Camdessus, she's, isn't, Sergei Aleksashenko, Alexei Makarkin, Vladimir Pesnya, Nabiulina, let's Organizations: Ukraine, Service, Russian, KGB, Syracuse University, Kremlin, International Monetary Fund, US, London Business School, Moscow Times, Bloomberg, Higher School of Economics, —, Moscow State University, SNS, USSR, Industrial Union Board, Gref, Central Bank Governor, Nabiullina Central Bank Governor, Banker, Central Banker, IMF, Monetary Fund, Financial Times, Government, Political Technologies, Wall Street Journal, RBC, Politico Europe Locations: Russian, Ukraine, Russia, Brussels, Nabiullina, Swedish, Moscow, Ufa, Central Russia, Tatars, Crimea, Euromoney, Europe, steadying

☆ Russian election: As Putin readies for a fifth term, the Kremlin is stepping up its war on its own people
▼ + stars: | 2024-03-09 | by ( Clare Sebastian | ) edition.cnn.com time to read: +10 min

In January, she was jailed for five and a half years for spreading “false” information about the army. Russian independent news outlet Mediazona reported she was convicted after two reposts on VKontakte — Russia’s version of Facebook — including one about Russian troop deaths. Oskar CherdzhievRussia’s powerful investigative committee ordered a criminal case be opened on charges of spreading false information about the army. So they try to protect this.”‘Deeper and deeper into this darkness’With mainstream Russian media now entirely state-controlled, the authorities are targeting other forms of expression — the arts, literature and culture. In December, Akunin was added to Russia’s “terrorist and extremist list” for allegedly justifying extremism and spreading false information about the Russian army.

Persons: It’s, ”, Oleg Orlov, Vladimir Putin, Putin, Orlov, Tatyana Makeyeva, Darya, “, ” Korolenko, Konstantin Eggert, Evgeniya, Nadezhda Buyanova, —, Buyanova, Oskar Cherdzhiev Russia’s, Grigory Chkhartishvili, Boris Akunin, he’s, Akunin, Russia’s, Misha Japaridze, Alexey Navalny, Andrei Soldatov, ” Soldatov, Soldatov Organizations: CNN, Facebook, Higher School of, Center, Combating Extremism, Bolshevik Locations: Moscow, Russia, Ukraine, Soviet, Orlov’s, Russian, Shakhty, Ukrainian, ” Russia, Covid, USSR

REUTERS/Maxim Shemetov/Illustration/File Photo Acquire Licensing RightsSummaryCompanies Russian rouble climbs to over 2-week high vs dollarMove comes after Putin reimposes currency controlsRouble had slumped to over 18-month low this weekAnalysts expect rouble to firm more in coming weeksOct 12 (Reuters) - Russia's rouble leapt against the U.S. dollar on Thursday after President Vladimir Putin ordered the mandatory sale of foreign currency revenues for some exporters to buttress the currency. The rouble collapsed to a record low in the weeks after Russia invaded Ukraine last year, before Moscow imposed similar capital controls that saw it recover to a seven-year high. Kogan warned, however, that by 2025-2026 businesses would form plans based on a rouble rate of 100-105. The central bank endorsed the measures, a shift in its stance, after it previously warned of the inefficiency of currency controls. "The rouble is even less tradable for foreign investors after Russia re-imposed some capital controls," Piotr Matys, senior FX analyst at In Touch Capital Markets.

Persons: Maxim Shemetov, Putin, Rouble, rouble, Vladimir Putin, Yevgeny Kogan, Kogan, Gref, Andrei Belousov, Piotr Matys, Dmitry Polevoy, Brent, Alexander Marrow, Amruta, Robert Birsel, Mark Potter, Varun, Alexander Smith Organizations: REUTERS, U.S, Russia's Higher, of Economics, TASS, Wednesday, Bank of Russia, FX, Touch, Thomson Locations: Moscow, Russia, Ukraine, outflows, Locko, Bangalore

An employee counts Russian 1000-rouble banknotes in a bank office in Moscow, Russia, in this illustration picture taken October 9, 2023. REUTERS/Maxim Shemetov/Illustration/File photo Acquire Licensing RightsOct 10 (Reuters) - The Russian rouble dived towards a more than an 18-month low on Tuesday before paring most losses in a volatile session, under pressure from domestic demand for foreign currency and a drop in oil prices. By 1034 GMT, the rouble was 0.3% weaker against the dollar at 99.63 . It had lost 0.8% to trade at 105.55 versus the euro and shed 0.4% against the yuan to 13.64 . "The bank may show a record profit of 1.5 trillion roubles for the year."

Persons: Maxim Shemetov, Sber, Yevgeny Kogan, Alexander Marrow, Ed Osmond, Gareth Jones Organizations: REUTERS, Bank of Russia, Russia's Higher, of Economics, Thomson Locations: Moscow, Russia, Russian, Brent

☆ How Russia’s youth see their lives and their future
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +5 min

Some spoke of study plans and jobs upended, others, of fear of an unknown and unpredictable future. But none of the four said there was much they could do to influence Russia's direction. Instead, as one young man put it, there was nothing to do but adjust to a new reality and "carry on." I plan to study a master's course in China…I think they are very interesting people, an interesting nation. I can't change and fix everything in the country, so I'm forced to come to terms with it, get used to it, and move forward.

Persons: Vladimir Putin, Sabina, Maxim Lukyanenko, let's, Konstantin Konkov, on.Ivan Sokolov, William Maclean Organizations: Kremlin, Moscow's Higher, of Economics, Higher School of Economics, Moscow State University, Reuters, Thomson Locations: MOSCOW, Russian, Ukraine, Russia, Abkhazia, Georgia, universit, Finland, Krasnodar, Europe, Asia, China, Moscow, Kazakhstan, Astrakhan, Atyrau

☆ A Lego Crime, a YouTube Rivalry, and the End of a Star Wars Friendship
▼ + stars: | 2023-05-21 | by ( David Kushner | ) www.businessinsider.com time to read: +30 min

Those who are into Lego Star Wars are among the most popular. It was at an informal contest where Louis met Victor, a fellow Lego Star Wars fanatic. Soon they ranked among the most popular Lego Star Wars YouTubers in France, known for the size and scope of their MOCs. The two friends no longer fit with that satisfying click that comes from snapping together two Lego bricks. Though it must have taken a truck to haul away all of Louis' Lego, no neighbor reported seeing anything suspicious.

☆ Russia faces shrinking middle class, rising inequality, study finds
▼ + stars: | 2023-03-24 | by ( ) www.reuters.com time to read: +2 min

MOSCOW, March 24 (Reuters) - Russia's middle class will shrink as social inequality grows over coming years, an economic study conducted by Russian experts suggested, as sanctions against Moscow and limited growth potential scupper development prospects. The middle class is set to suffer in any event, even if sanctions pressure is reduced, the study finds. In that scenario, the size of the middle class would still drop to 14%-31% by 2030 from current estimates of 20%-50%. Growing inequality in all four scenarios could lead to increased social tensions, the study finds. All four scenarios expect more and more security officials to drop into the middle class.

☆ Russia presses along Ukraine front after reports of Bakhmut slowdown
▼ + stars: | 2023-03-24 | by ( Mike Collett-White | ) www.reuters.com time to read: +7 min

As winter turns to spring, the main question in Ukraine is how much longer Russia can sustain its offensive, and when or whether Ukraine can reverse the momentum with a counterassault. [1/5] Anti-aircraft unit serviceman of the 10th Mountain Assault Brigade, call sign "Chub", 34, prepares to pose for a portrait with a portable anti-aircraft missile system, amid Russia's attack on Ukraine, near Soledar north of Bakhmut, Ukraine March 23, 2023. The International Committee of the Red Cross said some 10,000 Ukrainian civilians, many elderly and with disabilities, were clinging on in horrific circumstances in Bakhmut and surrounding settlements. Russia invaded Ukraine in February 2022, saying Ukraine's ties to the West were a security threat. Since then, tens of thousands of Ukrainian civilians as well as soldiers on both sides have been killed.

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